Financial
Distress signals
Property profile

480 Olde Worthington Rd Westerville, OH 43082

FOR LEASE
Office buildings
Property ID
US66-0559558
102,487 SF 8.94 ac lot Built 2000
Last sale Nov 2020 · $6,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Class A, three-story office building at 480 Olde Worthington Rd in Westerville, Ohio offers 102,487 square feet of space, with 15,312 square feet currently vacant and divisible into units as small as 1,206 square feet. The building, constructed in 2000, features a traditional and creative office layout, situated on 8.96 acres of land in the Polaris submarket of Delaware County. The property boasts ample parking (5.5 spaces per 1,000 square feet) and convenient access to I-71. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$212k
Tax billed · 2023
Assessed value$2.62M
Assessed land$624k
Assessed improvement$1.99M
Effective rate8.11%

Value estimate

· Sep 2026
$5.99M
$5.39M – $6.58M
AI approach$6.11M
Submarket $/SF estimate$5.03M
NOI build-up
Gross scheduled income$2.21M
Vacancy & credit loss−$531k
Operating expenses−$421k
NOI · 9,743,783.78% cap applied$1.26M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$128/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$89 – $161

Cap rate analysis

How does the asset earn?
9,743,783.78%
$1.26M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDELAWARE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.7
HVAC Service14.2
Kitchen & Bath13.7

Location

480 Olde Worthington Rd Westerville, OH 43082
County assessor Recorded deeds · 13 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6201 Maxtown, Westerville, OH 43082-8685 $2,000,000 Jan 2025 7,124 SF
9200 Worthington, Westerville, OH 43082-7634 $14,750,000 Nov 2022 143,847 SF
751 Intek, Westerville, OH 43082-9056 $587,333 Sep 2022 12,372 SF
6111 Maxtown, Westerville, OH 43082-9051 $1,400,000 Jan 2022 32,270 SF
750 Northfield, Westerville, OH 43082-8726 $2,693,000 Jan 2021 29,634 SF
380 Polaris, Westerville, OH 43082-8069 $15,721,700 Dec 2020 112,384 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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